PNC Financial Services Group Inc. Invests $39,000 in Silvercorp Metals Inc. $SVM

PNC Financial Services Group Inc. bought a new position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $39,000.

Other institutional investors have also recently made changes to their positions in the company. First Heartland Consultants Inc. bought a new stake in shares of Silvercorp Metals in the 4th quarter worth $30,000. Welch Group LLC purchased a new stake in Silvercorp Metals during the first quarter valued at about $44,000. Baader Bank Aktiengesellschaft purchased a new stake in Silvercorp Metals during the first quarter valued at about $46,000. Oxford Asset Management LLP purchased a new stake in Silvercorp Metals during the fourth quarter valued at about $54,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Silvercorp Metals in the first quarter worth about $72,000. Institutional investors own 22.30% of the company’s stock.

Silvercorp Metals Stock Up 2.5%

Shares of NYSEAMERICAN SVM opened at $4.58 on Friday. Silvercorp Metals Inc. has a one year low of $2.87 and a one year high of $5.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.61 and a quick ratio of 4.50. The firm’s 50 day simple moving average is $4.54 and its two-hundred day simple moving average is $3.96. The stock has a market capitalization of $1.00 billion, a P/E ratio of 17.62 and a beta of 0.92.

Silvercorp Metals Dividend Announcement

The company also recently announced a semi-annual dividend, which was paid on Thursday, June 26th. Stockholders of record on Friday, June 6th were issued a $0.0125 dividend. The ex-dividend date was Friday, June 6th. This represents a dividend yield of 60.0%. Silvercorp Metals’s dividend payout ratio (DPR) is currently 8.33%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SVM shares. Raymond James Financial reissued an “outperform” rating on shares of Silvercorp Metals in a report on Thursday, August 7th. Roth Capital reaffirmed a “buy” rating and issued a $6.75 target price (up from $6.25) on shares of Silvercorp Metals in a research note on Tuesday, July 1st. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $6.75.

Silvercorp Metals Profile

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.